Brookfield Asset Management Ltd. (TSE:BAM) Declares Quarterly Dividend of $0.44

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) declared a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.4375 per share on Monday, March 31st. This represents a $1.75 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38.

Brookfield Asset Management Stock Up 1.7 %

TSE:BAM traded up C$1.40 during mid-day trading on Wednesday, reaching C$82.83. 71,552 shares of the stock were exchanged, compared to its average volume of 920,512. The stock has a market capitalization of C$97.24 billion and a P/E ratio of 28.50. Brookfield Asset Management has a 1 year low of C$51.14 and a 1 year high of C$90.24. The company has a 50 day simple moving average of C$81.27 and a 200-day simple moving average of C$71.97.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Brookfield Asset Management in a report on Monday, December 16th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Insider Activity at Brookfield Asset Management

In related news, Director Justin B. Beber sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. 14.10% of the stock is owned by insiders.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.